HOW CAN IGET CREDIT CARD IN CANADA WITH A BAD CREDIT REPORT?

Question

UNTIL 1999 I HAD PERFACT CREDIT REPORT,AND EVERY CREDIT COMPANY WANT MY NAME ON THEIR CARDS, BUT AFTER ISPLET FROM MY WIFE SHE USED MY CREDIT CARDS I CO-SIGN TO MAXIUMIZE EVERY CARD I HAVE.I NEED TO GET AT LEAST ONE CARD IN CANADA ORE USA.PLEASE HELP

Answer 1

If you have got a bad credit report and you really want a credit card then your best chance would probably be with a secured credit card. These kind of cards are secured by a deposit that is kept in a savings account, which can then be drawn by the credit card company if you fail to pay your balance on time.



In the longer term it would be in your best interest to work on your credit report and try to get it cleared up. I think there is a US-based company called Lexington Law which specializes in fixing credit reports who you get to work on your account. Also, open a line of communication with your creditors and work with them to have your report resolved in your benefit.



Just in case, check your credit report with a fine comb for spelling mistakes etc. ... especially with your name.



A few places that offer guidance ...

Answer 2

I can not answer for Canada specifically, but in the US you can often get a credit card with a low limit if you make a deposit up front. Make sure the annual fee is very low or better yet free and that the credit card will report your payments to the credit bureaus. After some period of keeping that credit card in good standing you should be able to qualify for a traditional credit card.



There are also debit cards and pre-paid credit cards that will not help your credit score, but will give you something to use when a credit card is required.

Answer 3

maximum expenses are reported on your credit record for 7 years. The 7 twelve months. era begins even as the debt has been despatched to collections, even if internally or to a third social gathering sequence employer, on the top of 100 and eighty days after the first date of delinquency. verify your credit comments, as they in quite some circumstances inform you even as debts will be bumped off.